Transcript of Country pages policy objectives

Adopt some secondary legislation consistent with and required for the implementation of the new Power Sector LawAdopt certain legislation required under Western Balkans 6 processSeparate the generation company from the wholesale public supplierAgree ToR and initiate process with KESH and the Government on Corporate Governance ReformAgree ToR and initiate process with KESH to add climate resilience elements to operationLead the implementation of policy reform interventions that are proposed and approved by the IC3. Advocy with national and local authorities of the need to develop infrastructure to reduce regional disparities2. Technical assistance in the absorption of EU funds1. Investments - leveraging finance by promoting sector reform, commercial and cost-recovery tariffsFoster infrastructure development and improve efficiency, quality and governance of infrastructure and municipal services through:1. Complete at least one TC by producing urban mobility plan for a major municipality2. Commence at least two TCs related to sector reform, including on benchmarking urban transport sector in Romania4. Contribute to the establishment of a task force on infrastructure within FIC to propose specific actions to the technocratic governmentLC2CSECountry teamFIFurther develop LC markets in Romania through:1. Advocacy with the NBR of correct implementation of recently adopted Law on covered bonds (to which we contributed)2. Advocacy with the relevant local and Govt authorities and the private sector of increase of BSE listed instruments3. Participation of EBRD nominee directors to the Board of the BSE and the Depositary4. Increased efficiency and capacity of the Depository.5. Increased capacity of the Judiciary to prepare rulings related to financial market issues.Youth inclusionTeams involvedTeams involvedTeams involved:2016 milestonesLaunch inclusion policy dialogue to improve the effectiveness of vocational education and training through private sector engagementThe policy engagement program is operational, the partnership with the European Training Foundation (ETF) is in place, positive cooperation discussion with the MoLSS and MoNE are ongoing and a joint workshop is organized for February CSECountry Team2016 Milestones1. Formalize the partnership with the Turkish Government 2. Establish a senior level steering group in partnership with ETF, MoNE, MoLSS, bringing together government and private sector stakeholders to assess the current apprenticeship system and to issue a set of specific policy recommendations Infra/Health/PPPEnergyMinistry of Health successfully implemented the PPP value-for-money (VfM) methodologyEBRD consultants have estimated the VfM of PPP structures for hospital PPP projects financed in 2014/15 TC assignment to assist the Ministry to design their methodology and train their staff has started. MoH expected to perform first VfM analysis by end of 2016.InfraCSECountry Team 2016 MilestonesApplication of the value-for-money methodology by the Ministry of Health to a new PPP project by year end 2016.Streamline Turkey’s Renewable Energy licensing regime. CSEE2C2PEU3.Finalise assignment.1. Agree ToR2. Launch assignment2016 milestonesTeams involvedInvestment Climate and Governance Initiative (ICGI)PowerTeams involvedRestructure balance sheet of the state-owned power generation company KESH which will have conditionality regarding sector reform and corporate governance. (OpID 48132) Follow-up issues identified by the IC Use the IC as a consultation platform for future ICGI projects2016 milestones1. Initiate at least one policy reform intervention, identified and approved by the IC

2. Use the IC as a platform to consult at least one further ICGI projectIGCI CSE County Team and othersBELARUS2016 milestonesTeams involved: CSE, Country Team, FI, ICA EnergyPrivatisationTeams involved: PEU, E2C2, CSE Engage the government on a broader privatisation agendaPursue policy dialogue around Belinvestbank

another SOE for pre-privatisation, associated in selected cases with debt and equity financing Agree with the government a timeline for the privatisation of the SOESupport development of the renewable energy legislation 2016 MilestonesTeams involvedTeams involved2016 milestones2016 milestonesTeams involvedFinancial InstitutionsSOE reform and PrivatisationNatural resourcesReform of state-owned banks1. Adoption by the Government of the overall Strategy for State-owned Banks2. Sign tri-party MoU (EBRD, Ukrainian government and Oschad bank) 3. Agree on the changes to Oschad bank’s governance and resulting legislative changes necessary to implement the new governanceFICSECountry TeamLead policy dialogue, through:

CSEICGILTTCountry TeamsFormalize of the SOE strategy (with Bank assistance) and initial implementationParticipate in and aim to steer the Gas Sector unbundling process in close collaboration with the World Bank and Energy Community Secretariat, linking it, where possible, to EBRD project and TC

Participate in the process for the redesign of the landscape of ownership and corporate make-up of the Gas sector

1. Achieve progress in implementation of the CGAP for NAK and UTG2. Assist in design of reform of the gas sector, identifying appropriate governance measuresNatural ResourcesCSEICGILTTCountry Team 2016 milestonesTeams involvedTeams involvedFinancial InstitutionsEnergyEnhance development of the financial sector and capital markets:1. Initiate and complete a study of corporate governance regulatory framework and practice in the banking sector3. Scope out the required regulatory changes for EBRD’s bond issuance and for development of local money marketsFICSECountry teamLC2/TreasuryLTTImprove tariff setting in the energy sector as key element of energy sector reform and precondition for creating a sustainable energy sector 2016 milestones1. Submit to the authorities of a proposal for legal / regulatory changes and capacity building necessary for the establishment of a tariff setting unit, and new methodology for tariff setting regulation for each business line (generation, transmission and distribution).2. The authorities to commit to implementation of proposed legal and regulatory changes, and the Investment Council to endorse establishment of the tariff setting unit and a road map for adoption of other measures in the CASA-1000 MoU.PEUCSECountry TeamLTT2016 milestonesTeams involved 2016 milestonesTeams involved2016 milestonesTeams involvedMEIICAInclusionStrengthen National Standards for Wastewater DischargeSubmit the By-law Final (Arabic only) to PMU / WAJ Board of Directors.

MEICSECountry Team

The overall objective is to establish an innovation hub for all matters related to innovation

1. Set-up and decide on scope of Project , including a detailed scoping exercise to fully map out NCI tasks, responsibilities, procedures, staff requirements and developing the first of four annual action plans

covering all NCI activities2. Collect baseline data3. Start project, including the creation of an IT-based platform4. Four actions plans, IT-based platform, KPIs confirmedICACSECountry TeamIntroduce improved national skills standards in hospitality and tourism based on employer needs: The MoU with the WTO was signed in November 2015, a project and policy TC is in place and consultants selected. The target is to have at least one new national skills standards in a relevant discipline proposed for accreditation by EBRD to CAQA (Jordan’s National Skills Standards Authority) and identification of sectoral best practices in partnership with UN WTO1. Identify public and private stakeholders and initiate dialogue programme with CAQA. 2. Hold conference in partnership with the UNWTO, resulting in a joint communique by government and the private sector detailing agreed inclusive tourism principles and goals on skills standards, and an agreed an action plan to achieve these. CSECountry TeamInitiate and deliver a policy dialogue programme to improve the effectiveness of vocational education and training in retail and hospitality sectors through private sector engagement1. Contribute to putting in place secondary legislation on implementation of covered bond law2. Commence TC to undertake Assessment of streamlining the functions of the Depository3. Commence TC to improve the Capacity of the Judiciary to prepare rulings related to specialist financial market issuesTeams involvedLC2CSECountry TeamFI2016 MilestonesTeams involvedInfraCSECountry TeamLC22016 MilestonesLocal Capital MarketsInfrastructure

facilitate improvement of corporate governance of bankscreate legal and regulatory framework required for EBRD bond issuanceimprove the legal and regulatory frameworkenhance capacity of market participants aimed at introducing functioning money markets Establish the Jordan National Center for Innovation Facilitate investments through EBRD-developed NREAP, in the energy sector and support Turkey in achieving its 2023 RE targets. The policy engagement is currently being prepared and will be launched by 1H2016. Contacts:Christoph Denk, Head of Office, AlbaniaDENKC@EBRD.COM